Wednesday, March 2, 2011

DailyMarkets.com - Arrow Acquires Richardson RFPD

DailyMarkets.com - Arrow Acquires Richardson RFPD

Arrow Acquires Richardson RFPD

Posted: 02 Mar 2011 03:55 PM PST

Arrow Electronics Inc. (NYSE:ARW) completed the acquisition of RF, Wireless and Power Division of Richardson Electronics Ltd. (NASDAQ:RELL) for $210 million.
Headquartered in LaFox, IL., RF, Wireless and Power is a leading value-added global component distributor and provider of engineered solutions assisting the global radio frequency (RF) and wireless communications market. The division employs 400 people.
Richardson RFPD has a line card of more than 80 leading RF and wireless component … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: ECB Rate Decision, Euro-zone Q4 GDP, US Jobless Claims, ISM Services

Posted: 02 Mar 2011 03:55 PM PST

03/02/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The Asian Session

Posted: 02 Mar 2011 03:50 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday.

NZD/USD was trading at 0.7432, up 0.01% at time of writing.

The pair was likely to find support at 0.7384, today's low, and resistance at 0.7554, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.05% to hit 1.3672 and EUR/NZD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Five Trade Ideas For Thursday, March 03

Posted: 02 Mar 2011 03:47 PM PST

 ( click to enlarge )

Jazz Pharmaceuticals, Inc. (NASDAQ:JAZZ) is setting up for a nice upside move and I’m going to be there when it occurs. The stock traded higher again on Wednesday as the stock ended the day near highs. The strength at the end of the day tells us to expect continued buying on Thursday. I expect to see a strong upside move once the stok breaks through resistance now at $25.48. Technically, my model remains long. The Relative Strength Index is moving higher, which is a sign … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cogo Wins Wind Turbine Contract

Posted: 02 Mar 2011 03:35 PM PST

Cogo Group Inc. (NASDAQ:COGO) announced a wind turbine contract win following the acquisition of MDC Tech in late Jan 2011. The contract was signed with DongFang Turbine Co., Inc., and is valued at approximately $1.5 million.
Cogo will provide design, engineering and logistical services over the life of the contract. The company expects that shipments will commence and revenue will be recorded in the third quarter of 2011.
Cogo is in a position to benefit from the explosive growth in China, as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CNO Financial Makes Prepayment

Posted: 02 Mar 2011 03:35 PM PST

To utilize its excess cash, CNO Financial Group, Inc. (NYSE:CNO) has planned to make a $50 million prepayment of its senior secured credit facility.
CNO Financial had borrowed $375 million under the senior secured credit facility. After making the voluntary payment, the outstanding principal balance of the facility will be $325 million and the next scheduled principal payment under the facility will be due September 30, 2012.
In December 2010, CNO Financial planned to sell $300 million of senior … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CVS Progresses On PDP Biz Deal

Posted: 02 Mar 2011 03:05 PM PST

CVS Caremark (NYSE:CVS) has taken a step forward with respect to its proposed acquisition of Universal American's (NYSE:UAM) Medicare Part D business with the clearance from the Federal Trade Commission. The transaction is expected to close by the second quarter of 2011.
At the end of December 2010, CVS had announced its decision to acquire the Medicare Part D business of Universal American for $1.25 billion, which caters to about 1.9 million Prescription Drug Plan (PDP) members.
This is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

If The China Bubble Bursts (Guest Post)

Posted: 02 Mar 2011 03:04 PM PST

By Russ Winter

"If the situation does not improve, we'll definitely want to quit (production).  The sun is setting on the Christmas product industry (in China) right now."   — Owner of arts and craft factory in Shantou
Here is another in a series of at-the-brink, sun-is-setting articles in the China Daily and other Chinese publications. All the familiar hallmarks: rising labor costs, inputs goods inflation, transportation disruption and other … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Red Robin Upgraded To Neutral

Posted: 02 Mar 2011 02:55 PM PST

We are upgrading our rating on Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB),a casual dining restaurant chain, to Neutral from Underperform.
The rating upgrade is based on fourth quarter 2010 earnings, which were well ahead of the Zacks Consensus Estimate, primarily driven by growth in the top line. Additionally, in fiscal 2011, the company intends to turn around its business and has thus undertaken Project RED, which will focus on revenue growth, expense control and capital deployment.
To drive … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Clearance For BMY Drug

Posted: 02 Mar 2011 02:55 PM PST

Recently, Bristol-Myers Squibb Company (NYSE:BMY) received a boost with the European Commission (EC) approving Baraclude (entecavir) for an additional indication.
The current approval by the European regulatory authorities allows Bristol-Myers to market Baraclude in 27 nations of the European Union for treating adults suffering from chronic hepatitis B (CHB) with decompensated liver disease. The US clearance for Baraclude for the same indication came in October 2010.
Decompensated liver disease … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ADP Acquires AdvancedMD

Posted: 02 Mar 2011 02:35 PM PST

Automatic Data Processing Inc. (NYSE:ADP), a provider of human resources and payroll services, announced the acquisition of privately held AdvancedMD. Terms and conditions of the deal were not disclosed.
Utah-based AdvancedMD provides practice management (PM) and electronic health records (EHR) solutions and has more than 300 billing partners across the United States. AdvancedMD's cloud-based electronic solutions are being used by more than 10,000 physicians including 4,100 medical … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Narrower Q4 Loss At Isis

Posted: 02 Mar 2011 02:25 PM PST

Isis Pharmaceuticals Inc. (NASDAQ:ISIS) reported a net loss of 14 cents per share in the fourth quarter of 2010, narrower than the year-ago loss of 16 cents and the Zacks Consensus loss Estimate of 21 cents.
Full year 2010 loss came in at 62 cents, narrower than the Zacks Consensus loss Estimate of 70 cents. Loss, however, increased significantly from the year-ago loss of 31 cents. Full year revenues came in at $108.5 million, down 10.8%. Revenues, however, exceeded the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NW Natural, EnCana In JV

Posted: 02 Mar 2011 02:25 PM PST

Portland-based natural gas utility Northwest Natural Gas Co. (NYSE:NWN) has entered into a partnership with Canada's largest natural gas producer EnCana Corp. (NYSE:ECA) for a joint venture to develop gas reserves from the Jonah field in Wyoming's Green River basin. The 30-year agreement will provide long-term supplies for Northwest Natural's Oregon utility customers.
The Jonah field – considered to be one of the ten largest gas fields in the U.S. with over 2 trillion cubic feet equivalent of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Domino’s Beats By A Penny

Posted: 02 Mar 2011 02:05 PM PST

Domino’s Pizza Inc. (NYSE:DPZ) reported fourth quarter 2010 adjusted earnings of 40 cents per share, which surpassed the Zacks Consensus Estimate by a penny. The company had earned 30 cents in the year-earlier quarter. The increase can mainly be credited to strong sales combined with lower interest expense and a lower effective tax rate.
Total revenue in the reported quarter increased 3.7% year over year to $480.0 million, but was below the Zacks Consensus Estimate of $485.0 million. The growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McCormick & Schmick Misses

Posted: 02 Mar 2011 02:05 PM PST

Portland, Oregon-based McCormick & Schmick's Seafood Restaurants, Inc. (NASDAQ:MSSR) reported fourth quarter 2010 adjusted earnings of 22 cents, below the Zacks Consensus Estimate of 24 cents, but up 47.0% year over year. The lower-than-expected results were due to negative comparable sales growth.
During the quarter, GAAP net loss was $25.1 million or $1.69 compared with loss of $16.6 million or $1.12.
McCormick's operating seafood restaurants in the upscale dining segment said that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: WFT, AAPL

Posted: 02 Mar 2011 02:00 PM PST

03/02/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 02 Mar 2011 01:55 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

EUR/USD was trading at 1.3868, up 0.66% at time of writing.

The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3890, today's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 217.00K last month, from 189.00K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Traffic Volume Increases In Dec. For Seventh Month

Posted: 02 Mar 2011 01:40 PM PST

The Federal Highway Administration reported today that travel on all roads and streets in the U.S. for the month of December was estimated at 243.4 billion vehicle miles, which is 0.6% above the same month last year, and almost 2.6% higher than the traffic volume in December 2008.  What makes those December traffic increases especially noteworthy is that the price of gas in December last year averaged $2.99 per gallon, which was almost 15% above the December 2009 price of $2.61, and 77% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TDS Announces Dividend Hike

Posted: 02 Mar 2011 01:36 PM PST

Telephone and Data Systems (NYSE:TDS) raised its 2011 dividend by 4.4%. The company targets to pay an annual dividend of 47 cents per share in 2011, up from 45 cents paid last year.
The company will pay its first quarter 2011 dividend of 11.75 cents per share to shareholders of record on March 17. The payment is scheduled on March 31.
We believe the 7.5% increase in free cash flow in the recently concluded fourth quarter encouraged the company to boost its dividend. Telephone and Data Systems has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Consumer, Retail And Medical Sector Overview

Posted: 02 Mar 2011 01:36 PM PST

In my weekly Earnings Trends report, I rank the 16 economic sectors on a wide variety of earnings and sales metrics. The report just looks at the 500 firms in the S&P 500, not the whole Zacks Universe. However, since it is organized by the individual metric, such as Annual Earnings Growth or P/E, it can be hard to get an overall picture of a given economic sector.

In these posts I will try to rectify that. Since there is a lot to write about in each sector, I will cover four sectors in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cerner, Bethesda Join Forces

Posted: 02 Mar 2011 01:36 PM PST

Leading healthcare information technology ("HCIT") solutions provider Cerner Corp (NASDAQ:CERN) reported that St. Louis-based leading non-profit senior care and services provider Bethesda Health Group has deployed its skilled nursing facility ("SNF") solution. This marks the initial deployment of the company's "BeyondNow" software platform on which the SNF solution has been built.  
Bethesda has been selected by Cerner as a development partner based on its vast continuum of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up Toward The End Of U.S. Session

Posted: 02 Mar 2011 01:20 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

GBP/USD was trading at 1.6326, up 0.37% at time of writing.

The pair was likely to find support at 1.6032, Friday's low, and resistance at 1.6344, today's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 217.00K last month, from 189.00K in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Higher; Dow Jones Up 0.07%

Posted: 02 Mar 2011 01:10 PM PST

Forex Pros – U.S. stocks were up after the closing bell on Wednesday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.07%, the S&P 500 index gained 0.16%, while the Nasdaq 100 index climbed 0.50%.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 217.00K last month, from 189.00K in the preceding month whose figure was revised up from 187.00K.

Analysts had expected U.S. non-farm … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amazon’s Sales Tax Battle Continues

Posted: 02 Mar 2011 12:55 PM PST

With budget deficits staring down most state governments, there is an ongoing drive to collect sales taxes that have been successfully avoided for nearly two decades.
Online retailers such as Amazon.com (NASDAQ:AMZN) are not bound by statute to collect sales taxes on behalf of state governments, except in certain cases. So consumers gain every time they shop online.
If Amazon were to collect sales taxes, the prices of items sold on its website could increase. This could initially impact results, as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Drill-Quip Misses Zacks Consensus

Posted: 02 Mar 2011 12:55 PM PST

Dril-Quip Inc. (NYSE:DRQ) reported lower-than-expected adjusted fourth-quarter 2010 earnings of 67 cents per share, compared with the Zacks Consensus Estimate of 70 cents. Moreover, earnings also dropped approximately 7% from the year-earlier profit of 72 cents.
The disappointing results were mainly due to higher selling, general and administrative (SG&A), engineering and product development expenses as well as depreciation and amortization.
Total revenue in the quarter improved marginally to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TiVo Misses, Guides Lower

Posted: 02 Mar 2011 12:55 PM PST

A developer of advanced television services including digital video recorders (DVR), TiVo Inc. (NASDAQ:TIVO) reported a loss of 30 cents per share in the fourth quarter of 2011, worse than the Zacks Consensus Estimate of a loss of 28 cents.
TiVo provided disappointing first quarter guidance and expects higher net losses on a sequential basis. Shares plunged 1.22% to $9.70 in the after-hours trading.
Operating performance
TiVo reported fourth quarter 2011 net loss of $34.0 million compared with a net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up On Economic Data

Posted: 02 Mar 2011 12:55 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

EUR/USD was trading at 1.3867, up 0.65% at time of writing.

The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3890, today's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 217.00K last month, from 189.00K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

03/02 FX Options Report

Posted: 02 Mar 2011 12:39 PM PST

The USD fell to a record low vs. the CHF, as crude oil soared above $102/bbl. Libyan geopolitical tensions continued to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

St. Joe Beats Estimates

Posted: 02 Mar 2011 12:35 PM PST

The St. Joe Company (NYSE:JOE), a publicly held real estate company, reported a net loss of $2.7 million or $0.03 per share in the fourth quarter of 2010 compared with a net loss of $58.7 million or $0.64 per share in the year-earlier quarter.
Excluding non-recurring items, net gain during fourth quarter 2010 was $0.09 per share beating the Zacks Consensus Estimated net loss of $0.09 per sharecompared to a net loss of $0.08 in the year-ago quarter.
For the fourth quarter of 2010, total revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closer Look At Auto Sales

Posted: 02 Mar 2011 12:35 PM PST

Light vehicle sales in the U.S. saw a robust growth of 27% to a seasonally adjusted annual rate (SAAR) of 13.4 million units in January, primarily triggered by higher consumer incentives offered by most of the leading automakers. SAAR during the month was the fastest since the U.S. government's "Cash for Clunkers" program in August 2009, when it ticked at 14.2 million units.
Surprisingly enough, shooting oil prices due to a turbulent situation in the Middle East and higher gasoline prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down On Economic Data

Posted: 02 Mar 2011 12:15 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

USD/CAD was trading at 0.9722, down 0.25% at time of writing.

The pair was likely to find support at 0.9684, Tuesday's low, and resistance at 0.9828, Friday's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 217.00K last month, from 189.00K in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down In U.S. Trade

Posted: 02 Mar 2011 11:35 AM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

USD/JPY was trading at 81.84, down 0.02% at time of writing.

The pair was likely to find support at 81.58, today's low, and resistance at 82.23, Tuesday's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 217.00K last month, from 189.00K in the preceding month … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Finally Finds Some Buyers, But STOPS At Resistance Targets

Posted: 02 Mar 2011 11:33 AM PST

 It took a while but the USDJPY has found some buyers. The USDJPY has moved through the intraday ceiling at the 81.72 level and moved up to the 200 bar MA on the 5 minute chart and the 100 hour MA at the 81.86 level.  A move through this level should lead to further buying momentum. A failure to get through would signal the move is simply a short term move. 

On a break above the 81.86 level it should open the door for a test of the 82.00 level and perhaps even the high for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How To Play The Coming Nuclear Renaissance?

Posted: 02 Mar 2011 11:27 AM PST

A speculator is someone who can look into the future and act now. In early October, I saw a major development in the uranium sector as I began seeing signs of a major breakout of many of the uranium miners, via the Global X Uranium ETF (URA).

Uranium stocks have tripled since that time and are now taking their first major breather. During this time we have seen major investors come into the market specifically from China. This interest in uranium was highlighted back in June of 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Commodity-based Inflation…dangerous”

Posted: 02 Mar 2011 11:21 AM PST

03/02/11 HudsonView Capital Management’s Cort Gwon discusses the rally in crude oil and gold futures, and the long-term implications of higher commodity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Staples’ 4Q Net Income Rises

Posted: 02 Mar 2011 05:30 AM PST

03/02/11 Staples Inc. announced Wednesday that its 4Q net income rose on lower operating expenses and strong sales of paper and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Where Does Your Gold Come From?

Posted: 01 Mar 2011 10:00 PM PST

Gold was the center of attention yesterday after closing at new all-time highs above $1,430 an ounce, breaking the previous record set in December 2010. Gold prices have risen over 7 percent since the unrest in the Middle East began at the end of January.
The turmoil in Libya and the possibility of it spreading to countries including Iran, Iraq and Saudi Arabia have thrown uncertainty and fear back into the market. In addition, inflation has historically been a catalyst for higher gold prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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